CWEB vs. YINN
Compare and contrast key facts about Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and Direxion Daily China 3x Bull Shares (YINN).
CWEB and YINN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CWEB is a passively managed fund by Direxion that tracks the performance of the CSI China Overseas Internet Index (200%). It was launched on Nov 2, 2016. YINN is a passively managed fund by Direxion that tracks the performance of the FTSE China 50 Index (300%). It was launched on Dec 3, 2009. Both CWEB and YINN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CWEB or YINN.
Performance
CWEB vs. YINN - Performance Comparison
Returns By Period
In the year-to-date period, CWEB achieves a 5.83% return, which is significantly lower than YINN's 36.46% return.
CWEB
5.83%
-12.79%
-14.30%
-4.30%
-31.49%
N/A
YINN
36.46%
-19.93%
-6.61%
3.97%
-39.17%
-25.89%
Key characteristics
| CWEB | YINN | |
|---|---|---|
| Sharpe Ratio | 0.04 | 0.11 |
| Sortino Ratio | 0.64 | 0.90 |
| Omega Ratio | 1.07 | 1.11 |
| Calmar Ratio | 0.03 | 0.11 |
| Martin Ratio | 0.11 | 0.33 |
| Ulcer Index | 25.31% | 31.77% |
| Daily Std Dev | 75.90% | 96.95% |
| Max Drawdown | -98.09% | -98.87% |
| Current Drawdown | -96.66% | -97.69% |
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CWEB vs. YINN - Expense Ratio Comparison
CWEB has a 1.30% expense ratio, which is lower than YINN's 1.52% expense ratio.
Correlation
The correlation between CWEB and YINN is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
CWEB vs. YINN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and Direxion Daily China 3x Bull Shares (YINN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CWEB vs. YINN - Dividend Comparison
CWEB's dividend yield for the trailing twelve months is around 2.44%, more than YINN's 2.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares | 2.44% | 2.63% | 0.00% | 0.00% | 0.00% | 0.64% | 1.59% | 2.98% | 0.00% | 0.00% | 0.00% |
YINN Direxion Daily China 3x Bull Shares | 2.09% | 4.17% | 1.16% | 0.73% | 0.76% | 1.38% | 1.02% | 1.11% | 0.00% | 0.00% | 0.19% |
Drawdowns
CWEB vs. YINN - Drawdown Comparison
The maximum CWEB drawdown since its inception was -98.09%, roughly equal to the maximum YINN drawdown of -98.87%. Use the drawdown chart below to compare losses from any high point for CWEB and YINN. For additional features, visit the drawdowns tool.
Volatility
CWEB vs. YINN - Volatility Comparison
The current volatility for Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) is 23.24%, while Direxion Daily China 3x Bull Shares (YINN) has a volatility of 30.92%. This indicates that CWEB experiences smaller price fluctuations and is considered to be less risky than YINN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.